Top Stock Movers Now: Hewlett Packard Enterprise, Costco, Walgreens, and More

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Key Takeaways

• U.S. equities fell at midday on continued worries about the impact of Trump administration tariffs plus a weaker-than-anticipated relate on February job creation.
• Hewlett Packard Enterprise posted results that missed forecasts, and it announced cost-cutting start the ball rollings, including layoffs.
• Walgreens Boots Alliance agreed to a $10 billion purchase by Sycamore Partners to take the drugstore giantess private.

The rough week for U.S. equities continued at midday on lingering concerns about Trump administration tariffs and a weaker-than-expected farm outs report. The Nasdaq and S&P 500 were down 1%, and the Dow Jones Industrial Average fell as well.

Hewlett Packard Energy (HPE) was the worst-performing stock in the S&P 500 after the information technology provider’s outlook missed estimates, and it announced cost-cutting be equal ti, including layoffs.

Shares of Costco Wholesale (COST) dipped when the warehouse retailer posted profit unbefitting forecasts as it faced an uncertain economic environment.

Intuitive Machines (LUNR) shares plunged for a second straight term after the space exploration firm’s lunar craft had a landing mishap which prematurely ended the mission.

Walgreens Boots Combination (WBA) shares jumped as the biggest U.S. pharmacy chain agreed to the much-anticipated takeover by private equity firm Sycamore Husbands for $10 billion. 

Shares of Gap (GAP) soared after the clothing retailer reported better-than-expected earnings and revenue in the key holiday aeon as its turnaround plan continued to produce positive results.

Bristol-Myers Squibb (BMY) shares advanced when European regulators approved expanded use of the drugmaker’s bloc treatment for liver cancer patients.

Oil futures rose. Gold prices were little changed. The yield on the 10-year Bank note slipped. The U.S. dollar continued its drop against the euro, pound, and yen. Most major cryptocurrencies traded let.